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Apr 2 results
16:49
16:49

No Need For Recapitalization of BoU- Deputy Governor 1 1 Top story

“The procedure for recapitalization is that once the audited accounts for any financial year have been finalized, then the level of capital is determined…whether the capital is impaired or not. Should the capital be impaired and then it is only at such a point when Bank of Uganda requests the Ministry of Finance to present to parliament a request for recapitalization,” said Atingi-Ego.
07:12
07:12

Finance Committee Approves BoU Recapitalisation Request Bank of Uganda 4 1 Top story

In his presentation on Tuesday evening, the Finance Committee Chairperson, Henry Musasizi explained that the Bank of Uganda Act, 2000 provides that government is authorized to issue securities for recapitalising BOU where its capital impaired.
Apr 2 results